Bitcoin, Ethereum, Dogecoin Stay In Green As BlackRock's Spot ETF Reappears On DTCC Website, Analyst Says 4-8% BTC Dips Are 'Entries Towards $38K'
Portfolio Pulse from Shivdeep Dhaliwal
Bitcoin, Ethereum, and Dogecoin saw gains, with the global cryptocurrency market cap rising 0.47% to $1.25 trillion. The rally was fueled by expectations surrounding Bitcoin Spot ETFs. The listing of iShares Bitcoin Trust on the Depository Trust & Clearing Corporation (DTCC) drove Bitcoin's momentum. The iShares Bitcoin ETF reappeared on DTCC's website after disappearing earlier. Analysts suggest that Bitcoin is in an upward trend and 4-8% dips are entries towards $38K.
October 25, 2023 | 2:23 am
News sentiment analysis
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POSITIVE IMPACT
Bitcoin's price is likely to be positively impacted by the listing of iShares Bitcoin Trust on the DTCC and the expectations surrounding Bitcoin Spot ETFs.
The listing of iShares Bitcoin Trust on the DTCC and the expectations surrounding Bitcoin Spot ETFs are likely to drive Bitcoin's price upwards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin's price is likely to be positively impacted by the overall positive momentum in the cryptocurrency market.
The overall positive momentum in the cryptocurrency market is likely to drive Dogecoin's price upwards.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ethereum's price is likely to be positively impacted by the overall positive momentum in the cryptocurrency market.
The overall positive momentum in the cryptocurrency market is likely to drive Ethereum's price upwards.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80